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Fallbrook Real Estate
Local Area Experts
Fallbrook, Bonsall, Rainbow, De Luz, Temecula Valley & North San Diego County Real Estate
LA Times - April 19, 2015
BY Kenneth R. Harney
CREDIT UNION OFFERING MORTGAGE DEALS - MEMBERS CAN GET NO-DOWN-PAYMENT HOME LOANS AND HELP WITH CLOSING COSTS.
Want to buy your first home with little or nothing down and maybe get a
refund on part of your realty agent's commission?
Here's one way: Consider joining a credit union that is aggressively
expanding its mortgage business. Credit unions have been increasing their
presence in housing — more than quadrupling their share of total mortgage
market volume in the last nine years, according to the National Assn. of
Federal Credit Unions — by offering deals you simply can't find at most banks.
Case in point: The country's largest credit union, Navy Federal, closed more
than $1 billion in home purchase loans during the month of March alone.